Hankook Tire achieves sales-growth of 6.4% in its UHP segment during fourth quarter of 2015

Hankook Tire announced sales revenues of KRW 1.61 trillion (1,273.1 million Euro) and an operating profit of KRW 238.3 billion (187.9 million Euro) in the fourth quarter of 2015. Hankook’s Ultra High Performance (UHP) segment sales increased by 6.4%, accounting for 33% of the company’s overall revenue.

Hankook Tire announced financial results for the fourth quarter of 2015. The company reported global consolidated quarterly revenues of KRW 1.61 trillion (1,273.1 million Euro) and an operating profit of KRW 238.3 billion (187.9 million Euro).

Despite of the sluggish global economy, Hankook Tire secured overall sales and operating profits that are on par with the results of the same period in the previous year. The company has generated positive sales growth in the Ultra High Performance (UHP) segment, increased by 6.4% (compared with the same period last year). The UHP tyre segment accounts for 33% of the company’s overall revenue.

Especially, increased sales in North America contributed to Hankook Tire’s overall revenue showing 20% growth followed by an increase in the UHP tyre segment of 29% year-on-year respectively. The company’s UHP tyre sales in North America accounted for 33.3% of the total revenue. With this steady positive growth, Hankook Tire expects to further reinforce its competitiveness in the UHP tyre segment, an important source of profit and creation of new technology.

The company continues to enhance its presence in North America and Europe and to focus on the sales expansion in the UHP and SUV tyre segments. In addition, Hankook Tire will continue its stable growth with an optimised global network and strengthen its position as a global top-tier tyre maker by diversifying the company’s premium model portfolio among its OE business.

Q4 2015 Consolidated Financial Result

(Unit: Billion KRW)

Q4 FY 2014

Q3 FY 2015

Q4 FY 2015

Sales

1,629.4

1,725.3

1,614.3

Operating Profit

244.3

241.7

238.3

(Unit: Million USD)

Q4 FY 2014

Q3 FY 2015

Q4 FY 2015

Sales

1,486.9

1,522.0

1,393.9

Operating Profit

222.9

213.2

205.8

(Unit: Million EUR)

Q4 FY 2014

Q3 FY 2015

Q4 FY 2015

Sales

1,310.8

1,384.4

1,273.1

Operating Profit

196.5

193.9

187.9

*Exchange Rates:

Q4 FY 2014

Q3 FY 2015

Q4 FY 2015

USD / KRW

1,095.80

1,133.50

1,158.15

EUR / KRW

1,242.97

1,246.17

1,268.02

(NOTE: The above numbers are based on KRW. Average exchange rates for the given annual period, retrieved from Korea Exchange Bank.)